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Economic Policies in Greece during 1990-1993: An Assessment

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  • Pelagidis, Theodore

Abstract

An analysis of the conservative economic policy of the period 1990–1993 in Greece shows that its results were negative. In order to end the economic crisis in Greece, a new policy is needed that will emphasize economic growth, pay attention to public investment in the infrastructure in order to generate an increase of productivity in the private sector, raise the level of business activity, and reduce the risks faced by individual firms. For the crucial field of exchange rate policy, what is needed is a “crawling peg” policy according to market signals.

Suggested Citation

  • Pelagidis, Theodore, 1994. "Economic Policies in Greece during 1990-1993: An Assessment," MPRA Paper 107184, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:107184
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    File URL: https://mpra.ub.uni-muenchen.de/107184/1/MPRA_paper_107184.pdf
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    References listed on IDEAS

    as
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    5. Pelagidis, Theodore, 1997. "La flexibilité du travail dans le secteur du textile et de l' habillement en Grèce du Nord [Labour flexibility in the clothing and textiles sector of Norhtern Greece]," MPRA Paper 107060, University Library of Munich, Germany.
    6. Louis A. Ferleger & Jay R. Mandle, 1993. "No Pain, No Gain: Taxes, Productivity, and Economic Growth," Challenge, Taylor & Francis Journals, vol. 36(3), pages 11-19, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    macroeconomic policies; exchange rate policies; economic growth; banking investment;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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